January 23 2023 🕓 3 min
Oil stays up as China celebrates a week of the Lunar New Year
It is China's vacation week, therefore the rest of the world is trading oil mostly blindfolded. But no news equals good news.
Tag: wti
January 19 2023 🕓 2 min
Will oil stay above $80?
Despite the negative sentiment in the markets, oil rose notably as reopened China boosts demand expectations.
January 12 2023 🕓 3 min
Oil after inflation data – hurrah for the bulls!
Oil is enjoying another green day after the US Consumer Price Index release. News are suggesting Fed could slow down the hikes even more.
January 5 2023 🕓 3 min
Oil erases gains on Thursday as sentiment stays bearish
Thursday's rally could prove short lived as bears tend to sell all the rallies in oil. 2023 does not look promising for the bulls so far.
January 3 2023 🕓 3 min
Oil stuck near strong resistance – fight for $80 continues
Bears remain in control of oil for now as sentiment remains pessimistic.
December 29 2022 🕓 3 min
Oil falls and stays below key support – where can it go next?
A weaker dollar helped to offset some of the worries about demand caused by the rising number of Covid cases in China.
December 27 2022 🕓 2 min
Oil attacks a significant level as sentiment improves
Should oil close above $80 again, it could lead to another rally in crude prices. China sparks positive sentiment for buying.
December 8 2022 🕓 3 min
Does the crude oil bloodbath have an end?
The inventories data from the US shows weaker demand for gasoline and crude oil. Black gold sinks under the $73 price tag.
December 7 2022 🕓 3 min
Brent falls to one-year lows as economic situation worsens
The bearish trend in oil could continue in the new year amid global economic slowdown.
November 30 2022 🕓 3 min
Oil on a roll – will it close in green again?
US oil is shooting up for the third day in a row as US API Weekly Crude Oil Stock decreases by almost 8 million barrels.
November 28 2022 🕓 3 min
Oil hits one-year lows as China faces protests
Massive anti COVID-19 protests in China send oil to lowest prices in a year. Uncertainty and politics keep dominating the market sentiment.
November 25 2022 🕓 4 min
No proper sales in the markets on Black Friday
Black Friday was without significant action on the markets this year. Stocks ended the session mixed, oil closed with third consecutive weekly loss.